Home Buying in Marietta>Question Details

Db, Home Buyer in Georgia

What is the resale difference (if any) in a contemporary home verses a traditional?

Asked by Db, Georgia Wed Apr 30, 2008

We preferred the traditional homes until we saw the Loch Highland subdivision in Marietta....anyone know?

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Contemparies are the same as Traditional homes for resale when it comes to updated features. If they were side by side in a subdivision the best kept inside and out with updates there is no difference. Personal likes are the key factor. In contempary homes there is usually more open areas with plenty of glass windows and high ceilings. Loch Highland is an established subdivision in a very good school district. The setting around the Lake is relaxing and beautiful. Many of the homes are unique in their setting. Where ever you buy be sure that it is a place you all can enjoy your dreams.
Linda New, Broker
Crye-Leike Realtors
http://www.lindanew.crye-leike.com
0 votes Thank Flag Link Sun May 4, 2008
Db,

One of the major things to consider when looking at a contemporary home are the construction products used.

Many contemporary homes use products like stucco, wood siding, cedar siding, etc. these products can be costly to maintain and some like stucco can cause major issues as the home ages. These are usually things I point out to my clients when looking at these types of homes.

These kinds of issues can have an effect on the resale value depending on how well the home has been maintained.
0 votes Thank Flag Link Fri May 2, 2008
It's very specific to each neighborhood. In older areas, "contemporary" homes are the only way to get homes with floor plans that are more "up to date." In this regard, they will sell quicker and for more money.

I think the actual percentage difference in each neighborhood would be pretty small to almost non-existent, as most contemporary homes are built in neighborhoods with other homes similiar to it, especially in the Loch Highland community.
0 votes Thank Flag Link Wed Apr 30, 2008
Joshua Jarvis, Real Estate Pro in Duluth, GA
MVP'08
Contact
Db,

Like any subdivision, the re-sale ability of its homes largely depends on the how well its residence has kept up with it. Although the contemporary style home has lost its demand. The price of recently sold homes should reflect the decline in popularity. The contemporary home in a heavily wooded subdivision like Loch Highland shows very nice and fits well with the architectural theme of the homes. If mature large trees and space is important, you will really enjoy it and you will find a lot of sq. ft. for the money. Lot sizes are also a plus. You will find home on nearly an ac. that are just non-existent in the Roswell new home market area. My concern for a client would be the strength and durability of the covenance of the subdivision. Many subdivisions built around that time have let there restrictions laps or are not properly managed. This will definitely have an effect on resale down the road. Loch Highland currently has 17 homes for sale. So I would suspect there are bargains their to be had but make sure you watch for the recently sold homes to make sure you get to the bottom of the curve and get a fair price. You are not the only one that will appreciate the features found in a contemporary subdivision. The things that you love about it are the same things your future buyer will love.

Hope this helps!

Luis Rodriguez
Prudential Georgia New Home Division
678-229-8689
0 votes Thank Flag Link Wed Apr 30, 2008
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